ENTERPRISE SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Globenewswire | May 11, 2023
ZeroFox (Nasdaq: ZFOX), a leading external cybersecurity provider, announced its plans for releasing generative AI into its External Cybersecurity Platform with the preview of FoxGPT. FoxGPT capabilities will optimize intelligence analyst workflows with the ability to analyze and contextualize malicious content online, enhancing the ability to combat the growing sophistication of cybercriminals. Built by cybersecurity and intelligence professionals, for cybersecurity and intelligence professionals, ZeroFox commits to AI transparency, security, and privacy of information.
Recent cutting-edge advancements in AI, including the release of GPT 3.5, followed by GPT 4.0, are part of a larger, fast-paced AI revolution poised to change how humans and technology interact. As companies embrace these advancements to streamline and automate certain aspects of their business, threat actors are also embracing generative AI capabilities for more sophisticated phishing and fraud, social engineering, spam, and the production of malicious content. ZeroFox's adaptation of generative AI, FoxGPT, accelerates the analysis and summarization of intelligence across large datasets, allowing the identification of malicious content, phishing attacks, and potential account takeovers.
"We at ZeroFox are consistently dedicated to external cybersecurity innovation, and I'm thrilled to share the next step in our innovation roadmap with the development of generative AI capabilities within our platform, FoxGPT," said Mike Price, CTO at ZeroFox. "We understand the impact of generative AI and the risks of threat actors abusing it. We're committed to harnessing this technology while capturing explainable results and the security and confidentiality of customer data." ZeroFox has steadily integrated other machine learning capabilities into its platform over the past few years, enhancing its ability to keep pace with emerging technologies.
FoxGPT is a significant advancement for ZeroFox, enabling it to provide even more powerful external cybersecurity platform capabilities. ZeroFox is committed to AI transparency, security, and privacy of information in order to give customers the confidence that their data is secure.
ZeroFox plans to responsibly release FoxGPT to opt-in customers throughout the year.
ZeroFox (Nasdaq: ZFOX), an enterprise software-as-a-service leader in external cybersecurity, has redefined security outside the corporate perimeter on the internet, where businesses operate, and threat actors thrive. The ZeroFox platform combines advanced AI analytics, digital risk and privacy protection, full-spectrum threat intelligence, and a robust portfolio of breach, incident and takedown response capabilities to expose and disrupt phishing and fraud campaigns, botnet exposures, credential theft, impersonations, data breaches, and physical threats that target your brands, domains, people, and assets. Join thousands of customers, including some of the largest public sector organizations as well as finance, media, technology and retail companies to stay ahead of adversaries and address the entire lifecycle of external cyber risks. ZeroFox and the ZeroFox logo are trademarks or registered trademarks of ZeroFox, Inc. and/or its affiliates in the U.S. and other countries. Visit www.zerofox.com for more information.
ENTERPRISE SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Prnewswire | April 21, 2023
Bitsight, a leader in managing and monitoring cyber risk, today unveiled its expansion into a broader category of integrated cyber risk management. As the category creator and global leader in the cybersecurity ratings industry, Bitsight's enhanced strategy will deliver new capabilities to empower security professionals and business leaders to more effectively and holistically manage cyber risk. The announcement includes large-scale distribution of risk data and insights through Moody's/BVD's Orbis, a new Third-Party Vulnerability Detection & Response solution, and more predictive cyber risk ratings that help mitigate cyber risk and make CISOs and risk professionals' jobs easier.
Bitsight's integrated solutions address the needs of CISOs and risk leaders, whose roles have become more challenging in recent years with digital transformation, supply chain risk, and expanded attack surfaces. "As the cyber threat landscape worsens and the global regulatory landscape demands more nimble and thorough risk management, Bitsight has evolved to stay ahead of our customers' needs. Business leaders, risk leaders and boards are turning to us as an integrated solution to manage risk and build trust across their ecosystem," said Bitsight CEO Steve Harvey.
Furthermore, comprehensive cyber risk management is also essential to good corporate governance, reaffirmed by the recently released White House national cyber strategy, pending SEC regulations on cybersecurity disclosure, and cybersecurity requirements emerging throughout Europe and Asia. Harvey noted, "Our strategic shift to become an integrated cyber risk management leader means we're able to provide customers and governments with the industry's most impactful data, services and tools to confidently navigate the uncertain cyber landscape."
Accelerated Partnership with Moody's Corporation
Newly-added integrations with Moody's will deliver expanded insights for enterprises and assist with holistic cyber risk management. In October 2021, Moody's Corporation invested $250 million in Bitsight, and the two companies announced a landmark partnership agreement. Through this partnership, Bitsight became the primary cyber risk analytics provider across Moody's suite of integrated risk assessment offerings.
Bitsight data is now accessible by nearly 2,000 global credit analysts within Moody's Investors Service. These analysts are leveraging Bitsight to better understand the relative cyber risk of issuers, engage issuers on cybersecurity risk, and publish research on the intersection of cyber risk and credit risk. Additionally, Bitsight ratings data is now also integrated within Moody's Analytics' BVD Orbis platform, enabling non-technical risk managers to easily consider cyber risk factors in counterparty risk analysis.
"The rise of cyberattacks and ransomware has created an imperative for business leaders and boards to assess and quantify their cyber risk," said Moody's Analytics President Stephen Tulenko. "Bitsight is our trusted partner in helping leaders to better understand, measure, and navigate the cyber risk landscape with confidence."
Through these integrations, Bitsight and Moody's insights may be used together in powerful combinations for applications such as Know-Your-Customer, supply chain management, insurance underwriting, and credit risk assessment.
New Third-Party Vulnerability Detection & Response Application
To further its cyber risk management capabilities, Bitsight has enhanced its Third-Party Vulnerability Detection tool to include a Response workflow. Zero-day attacks and other vulnerabilities are increasingly common, and most companies are struggling to properly manage third-party exposure to critical vulnerabilities quickly, effectively, and at scale. With Vulnerability Detection & Response, cybersecurity teams can now access the most important vulnerability data and effectively prioritize vendor outreach with built-in questionnaires while tracking vendor response progress in real time. This release is another innovative application showcasing Bitsight's continued commitment to helping customers better monitor, manage, and mitigate vulnerabilities across their third-party ecosystems.
More Predictive Cyber Risk Ratings – Bitsight's Ratings Algorithm Update
Bitsight has launched a new ratings algorithm, with several key enhancements, most notably modifying the weights of several risk vectors based on independent research and insight into how those risk vectors correlate to real life cyber events. As a part of delivering an integrated cyber risk management solution, Bitsight remains committed to investing in and producing actionable cybersecurity ratings that have the strongest correlation in the industry to the likelihood of a cyber incident. "Cybersecurity ratings remain a critical tool in cybersecurity and risk leaders' arsenals, while the pressures and demands to address cyber risk have significantly expanded," said Harvey.
As attacks on organizations intensify and business leaders demand greater strategic support to address risk, Bitsight's mission to build trust in the digital economy has extended well beyond cyber risk ratings. "Risk leaders globally spend every day working against a relentless and growing problem of cyber risk uncertainty," said Harvey. "And as waves of digital transformation continue to disrupt cybersecurity stability, we are committed to supporting our current and future customers with a broad and unified cyber risk management solution that helps them navigate with greater confidence."
Learn more about our partnership with Moody's Corporation here
Learn more about Third-Party Vulnerability Detection & Response her
Learn more about the Rating Algorithm Update here
Bitsight is a global cyber risk management leader transforming how organizations manage exposure, performance, and risk for themselves and their third parties. Companies rely on Bitsight to prioritize their cybersecurity investments, build greater trust within their ecosystem, and reduce their chances of financial loss. Built on over a decade of market-leading innovation, its integrated solutions deliver value across enterprise security performance, digital supply chains, cyber insurance, and data analysis.
DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
iTWire | May 30, 2023
CyberArk (NASDAQ: CYBR), the Identity Security company, today introduced CyberArk Secure Browser. This first-of-its-kind Identity Security web browser enables organisations to better protect against attacks with a flexible, identity-based approach to securing employee and third-party access to enterprise resources.
By 2030, enterprise browsers will be the core platform for delivering workforce productivity and security software on managed and unmanaged devices for a seamless hybrid work experience.1 Browsers provide a vital connection between identities, applications and data, making them a prominent attack vector and a target for cybercriminals – especially in distributed, work-from-anywhere environments.
A rise in post-MFA authentication attacks targeting session cookies reinforces the need for defense-in-depth strategies. Now, CyberArk is applying its deep cybersecurity experience, history of Identity Security innovation and intelligent privilege controls to web browsing. Part of the CyberArk Identity Security Platform, the Chromium-based CyberArk Secure Browser supports enterprise Zero Trust initiatives with integrated security, centralised policy management and productivity tools while delivering a familiar user experience. The CyberArk Identity Security Platform delivers the most robust, layered approach to address the number one area of cybersecurity risk: credential access.2
CyberArk Secure Browser is designed to eliminate existing security gaps between consumer-focused browsers and SaaS applications, endpoint-based controls and identity providers. By extending the CyberArk Identity Security Platform to the browser itself, CyberArk makes it easy for IT teams to tailor security, privacy and productivity controls on managed and unmanaged devices. Key features include:
Cookieless Browsing: Cookieless browsing is a key differentiating feature that allows users to access and use web-based resources without exposing cookie files to attackers. The cookies will be stored remotely on CyberArk servers enabling secure and seamless web browsing without saving cookie files on the endpoints. This approach makes it difficult for attackers or third parties to steal, forge, alter or manipulate cookies to gain unauthorised access to sensitive resources and helps ensure that users’ web sessions, data and accounts remain confidential and secure.
Data Exfiltration Protections: Companies can control the browsing experience with fine-grained policies designed to prevent data exfiltration attempts that can compromise corporate data.
Password Replacement: CyberArk Secure Browser features patent-pending password replacement functionality. Instead of showing stored credentials for privileged resources or websites, the browser displays a one-time alphanumeric string. This string works only once, only in CyberArk Secure Browser and only for intended targets – eliminating the possibility that end users will see these privileged credentials in plain text.
Extensibility: Third-party identity providers and out-of-the-box integrations are supported with the CyberArk Identity Security Platform solutions, including CyberArk Workforce Password Management and CyberArk Secure Web Sessions. This allows companies to customise session protections, access controls and credential management to each user based on their roles. It also works in conjunction with CyberArk Endpoint Privilege Manager to mitigate potentially risky web access and vulnerable endpoints.
Quick Access Bar: The built-in quick access sidebar helps ensure end users can utilise their Single Sign-On (SSO) credentials to securely access frequently used apps, third-party tools and CyberArk privileged access management resources directly from CyberArk Secure Browser with the click of a button.
“CyberArk is constantly innovating – working to protect our customers against current cybersecurity risk and emerging threats. Based on trends impacting hybrid work environments and research generated by our CyberArk Labs and Red Team, developing an enterprise browser – with an identity-first, security-first approach – was a natural progression for our business,” said Gil Rapaport, general manager, Access at CyberArk. “CyberArk Secure Browser represents a new era of web browsing, where security, privacy and productivity are the top priorities.”
Dynamically mirroring controls and access policies existing on Chrome and Edge browsers that are already deployed on the end user’s device, CyberArk Secure Browser reduces IT overhead and accelerates the deployment timeline for employees, contractors and vendors.
Planned availability for CyberArk Secure Browser on Windows endpoints is by the end of 2023. To learn more about CyberArk Secure Browser, please visit https://lp.cyberark.com/secure-browser-early-access.html.
CyberArk is the global leader in Identity Security. Centered on privileged access management, CyberArk provides the most comprehensive security offering for any identity – human or machine – across business applications, distributed workforces, hybrid cloud workloads and throughout the DevOps lifecycle. The world’s leading organizations trust CyberArk to help secure their most critical assets.